Posted on 04/14/2022 9:57:58 AM PDT by SeekAndFind
CAIRO, April 14 (Reuters) - Saudi Arabian investor Prince Alwaleed bin Talal said on Thursday that as one of the major shareholders in Twitter he rejected a takeover bid by billionaire entrepreneur Elon Musk.
"I don't believe that the proposed offer by Elon Musk ($54.20 per share) comes close to the intrinsic value of Twitter given its growth prospects," the prince said in a Twitter post.
Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media giant needs to be taken private to grow and become a platform for free speech.
(Excerpt) Read more at finance.yahoo.com ...
“Last I heard of this guy, he’d been imprisoned by Crown Prince Mohammed bin Salman. Guess he was turned loose and is much more likely to agree with whatever the Crown Prince says.”
More than imprisoned: hung up by the ankles and made to pay about $40,000,000 in fines to the SA govt. (IIRC) to compensate for his crimes agains the new King.
That’s when he started selling things like stock...
I am waiting for what happens when the Reddit apes get interested in Twatter stock.
That's his prerogative. BTW, it's long past time for that particular corrupt prince to be erased.
if the price is tanking, then there is alot of selling going on already
And lefties hate the Saudis. This story is revealing all sorts of interesting things.
Latest pivot prediction - Twitter bluechecks will start praising Saudi royalty.
If he has 51% of the shares, or 96%of the shares, what could he not do?
Admitting my ignorance…
“Dopey Prince”
As it stands financially many had said its financials point to a dying company.
Mutual funds own 40%, other Institutions own 38% and individuals only own 12.3% according to CNN business. Vanguard and Morgan Stanley each have about 8%. Blackrock has 4.5%
Who do you think you are? What gives you the right to insult new members? Do you think this is a private club that only a select few are privy to? Do you fancy yourself a bully? Perhaps you have antisocial personality disorder?
There is only one person here who ultimately controls that and it isn’t you.
I HOPE that is what happens! TWITter need to die.
Hmmmmm, Twitter calls all hands meeting, Saudi big Twitter stockholder, Saudi’s like to cut off offending hands ........ This could be very interesting.
Perhaps Musk could sweeten the pot by throwing in a gold Tesla.
I have an account there but almost never use it.
I have an account there but almost never use it.
I have an account there but almost never use it.
Lighten Up, Francis.
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